HS Icon Copper ores and concentrates

260300 (Harmonized System 1992 for 6-digit)

World Trade (2018): $64.2B, Rnk 31 / 4726

Top Exporter (2018): $18.6B, Chile

Top Importer (2018): $31.7B, China

Product Complexity (2018): -1.7, Rnk 4610 / 4873

Export Growth (CAGR)(2017 - 2018): 9.76%, Rnk 2707 / 4726

Mean Tariff (2018): 2.23%, Rnk 6110 / 6538

Share of World Trade (2018): 0.35%, Rnk 31 / 4726

Overview:  This page contains the latest trade data of Copper ores and concentrates. In 2018, Copper ores and concentrates were the world's 31st most traded product, with a total trade of $64.2B. Between 2017 and 2018 the exports of Copper ores and concentrates grew by 9.76%, from  $58.5B to $64.2B. Trade in Copper ores and concentrates represent 0.35% of total world trade.

Exports: In 2018 the top exporters of Copper ores and concentrates  were Chile ($18.6B), Peru ($13B), Australia ($4.56B), Indonesia ($4.24B), and Canada ($2.8B).

Imports: In 2018 the top importers of Copper ores and concentrates were China ($31.7B), Japan ($9.19B), South Korea ($4.26B), Bulgaria ($2.82B), and India ($2.71B).

Tariffs: In 2018 the average tariff for Copper ores and concentrates was 2.23%, been the 6110 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Copper ores and concentrates are Bahamas (40.2%), Bermuda (25%), Aruba (12%), Panama (10%), and Nepal (9.89%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Copper ores and concentrates ranks 4610th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Chile, $18.6B

Top Destination (2018): China, $31.7B

Copper ores and concentrates are the world's 31st most traded product.

In 2018, the top exporters of Copper ores and concentrates were Chile ($18.6B), Peru ($13B), Australia ($4.56B), Indonesia ($4.24B), and Canada ($2.8B).

In 2018, the top importers of Copper ores and concentrates were China ($31.7B), Japan ($9.19B), South Korea ($4.26B), Bulgaria ($2.82B), and India ($2.71B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Chile, $2.01B

Top Destination Growth (2017 - 2018): China, $6.68B

Between 2017 and 2018, the exports of Copper ores and concentrates grew the fastest in Chile ($2.01B), Indonesia ($1.06B), Peru ($958M), Mexico ($479M), and United States ($403M).

Between 2017 and 2018, the fastest growing importers of Copper ores and concentrates were China ($6.68B), Japan ($1.05B), Mexico ($824M), South Korea ($293M), and Russia ($232M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Copper ores and concentrates.

In 2018,  market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Copper ores and concentrates are explained by 12 countries.

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TOP NET EXPORTER (2018): Chile, $18.6B

TOP NET IMPORTER (2018): China, $31.7B

This map shows which countries export or import more of Copper ores and concentrates. Each country is colored based on the difference in exports and imports of Copper ores and concentrates during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Copper ores and concentrates were Chile ($18.6B), Peru ($12.8B), Australia ($4.53B), Indonesia ($4.22B), and Canada ($2.47B).

In 2018, the countries that had a largest trade value in imports than in exports of Copper ores and concentrates were China ($31.7B), Japan ($9.19B), South Korea ($4.07B), India ($2.6B), and Bulgaria ($2.55B).

Trade Forecasts

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This section shows forecasts for total trade for Copper ores and concentrates. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Copper ores and concentrates was 2.23%.  The countries with the highest tariffs for importing Copper ores and concentrates were Bahamas (40.2%), Bermuda (25%), Aruba (12%), Panama (10%), and Nepal (9.89%).

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Product Complexity

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Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.